Announcement on the Release of Pledged Shares by the Controlling Shareholder
The company and all members of its board of directors guarantee the content of the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
I. Basic Information on Share Pledge by Shareholders
Zhangyuan Tungsten Industry Co., Ltd. (hereinafter referred to as the "Company" or "this Company") received a letter from its controlling shareholder, Zhangyuan Tungsten Holding Co., Ltd. (hereinafter referred to as "Zhangyuan Holding"), on May 18, 2026, informing it that a portion of the shares held by Zhangyuan Holding in this Company has been released from pledge. The specific matters are as follows: